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You invested $8,500 in a mutual fund when the offering price was $31.30 and the NAV was $30.20. This purchase was made one year ago
You invested $8,500 in a mutual fund when the offering price was $31.30 and the NAV was $30.20. This purchase was made one year ago today. Today, the fund distributed a total of $1.59 in long-term gains and $.85 in short-term gains. The current offering price is $33.42 and the NAV is $32.18. What is your return for the year? Multiple Choice 9.46% 4.35% 7.37% 8.23% 10.61%
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